Türkiye: Türkiye Climate Action Acceleration Program (TCAAP) Türkiye Climate Action Acceleration Program — Supplemental Financing under the Energy, Food Security and Economic Resilience Facility (TCAA (AIIB-001131AND001185)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Turkiye
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Government of Turkiye
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Education and Health
  • Energy
  • Law and Government
  • Transport
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1,600.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 1,600.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Oct 5, 2026

Disclosed by Bank Aug 24, 2026

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the AIIB, the objective of the Turkiye Climate Action Acceleration Program (TCAAP) is to support the implementation of Turkiye's updated Nationally Determined Contribution (NDC 3.0) and Climate Law, through policy and institutional reforms in sustainable finance, sectoral decarbonization, and climate resilience.

Turkiye has delivered one of the most sustained economic transformations among emerging economies, yet its growth model remains structurally dependent on fossil fuel imports, making energy the single largest driver of its current account deficit and a source of growing external vulnerability. As the world's 17th largest greenhouse gas (GHG) emitter, Turkiye simultaneously faces mounting external pressures--the European Union (EU) Carbon Border Adjustment Mechanism (CBAM) is directly threatening its most carbon-intensive export sectors--and acute physical climate risks across water, ecosystems, and health. Turkiye has responded with its most substantive climate legislative framework to date, anchored in Climate Law No. 7552 and NDC 3.0.

A critical gap nonetheless persists: the regulatory, fiscal, and institutional architecture needed to operationalize the Climate Law and channel capital toward NDC targets remains incomplete. The TCAAP addresses this gap directly, financing the policy and institutional reforms, coordinated through MOTF and designed in deliberate complementarity with ongoing partner programs, that translate Turkiye's legislative commitments into measurable climate outcomes.

The TCAAP comprises 12 prior actions across three mutually reinforcing pillars:

  • Pillar 1 -- Operationalizing the Carbon Market and Green Finance Regulatory Measures: Operationalize Turkiye's emissions trading system, establish a green finance regulatory architecture, and mobilize public and private capital toward low-carbon and climate-resilient activities.
  • Pillar 2 -- Accelerating Sectoral Decarbonization Pathways: Accelerate implementation of mitigation policies across energy, industry, transport, and monitoring frameworks, translating NDC commitments into binding sector-specific regulatory and institutional action.
  • Pillar 3 -- Institutionalizing Adaptation Across Water, Nature and Health: Institutionalize subnational climate governance, strengthen water and agricultural resilience, expand carbon sink coverage, and embed climate risk into national health systems across all 81 provinces.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Proposed amount of AIIB financing (USD m): USD1,600 million
• CPBF (TCAAP): USD800 million
• ERF (TCAAP-SF): USD800 million


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

AIIB Team Leader:

Nat Pinnoi - Senior Investment Officer
Email: nat.pinnoi@aiib.org

Borrower - Government of Turkiye:

Bengü Aytekin - Deputy Director General of Foreign Economic Relations, Ministry of Treasury and Finance, Republic of Türkiye
Email: bengu.aytekin@hmb.gov.tr

Implementing Agencies - Ministry of Energy and Natural Resources, Türkiye; Ministry of Treasury and Finance, Türkiye; Ministry of Environment, Urbanization and Climate Change, Türkiye:

Bengü Aytekin - Deputy Director General of Foreign Economic Relations, Ministry of Treasury and Finance, Republic of Türkiye
Email: bengu.aytekin@hmb.gov.tr

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html

How it works

How it works